[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[KCHOL]
Related Funds
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English
oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
30/04/2020
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Token Finansal Teknolojiler A.Ş.
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
Payment systems
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
TRL 18,000,000
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
30/04/2020
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
TRL 18,000,000
oda_SalesPricePerShare|
Sales Price Per Share
TRL 17.3556
oda_TotalSalesValue|
Total Sales Value
TRL 312.4 million
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
100%
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
0%
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
0%
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
0.9%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
1.0%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Since the field of activity of Token Finansal Teknolojiler A.Ş. is not the main business of our Company, no significant impact is expected in the activities.
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
According to the TFRS basis, profit before tax is expected to be approximately TRL 237.5 million.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
-
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Koç Holding A.Ş., Temel Ticaret ve Yatırım A.Ş.
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
Main shareholder
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
30/04/2020
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
It was determined by the negotiation procedure considering the valuation report.
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlendi (Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
-
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
03/04/2020
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
Ernst Young Kurumsal Finansman Danışmanlık A.Ş.
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
Between TRL 275.3 million and TRL 321.7 million.
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
The transaction amount corresponds to the results in the valuation report.
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

Token Finansal Teknolojiler A.Ş. was established in 2018 as a result of a partial demerger operation and has been operating as a 100% owned subsidiary since. Due to the rapid transformation of payment technologies in recent years, Token Finansal Teknolojileri A.Ş.'s activities have gradually moved away from our Company's field of activity. In this context, in order to keep our focus on our core businesses, in line with the valuation report prepared by Ernst Young Kurumsal Finansman Danışmanlık A.Ş., our Company's stake with a nominal value of TRL 18 million shares has been sold for a total price of TRL 312.4 million as follows; a nominal value of TRL 9.8 million to Koç Holding A.Ş. with a price of TRL 170.1 million and a nominal value of TRL 8.2 million to Temel Ticaret ve Yatırım A.Ş. with a price of TRL 142.3 million. Payments for the transaction will be received on May 8, 2020.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.